how to value ucg ??

Ultimately, a successful ucg company can be valued on energy produced imo ... I like to think of CXY as being a producer of syngas ... Wandoan 340mt JORC translates to >6,000PJ of syngas and Kingaroy 73mt JORC translates to just under 1,300PJ of syngas.

For a long time coal bed methane was "in the wilderness" as a wierd, unproven potential source of unconventional gas ... today, coal bed methane sits pretty comfortably in the conventional stable.

What might a coal bed methane company with 7,300PJ of gas reserves be valued at right now?? The answer is probably something like $0.75bill to $3bill or more.

What might a ucg company with say 10,000-20,000PJ of syngas reserves (adding in say expansion at Wandoan and modest success in Victoria for CXY)be worth in say 5 to 10 years?? The answer is billions and that is no ramp.

Successful ucg technology, successful ucg commercialisation, more than a little shift in thinking from many in govt and industry AND of course time will be needed ... but the potential upside is ... er ... alluring lol.

There is a powerful case for CXY, CNX, LNC and a few newbies to form a co-operative ucg lobbying group imo.

Cheers
Dex